Latest news with #Eos
Buzz Feed
2 days ago
- Lifestyle
- Buzz Feed
28 Newer Skincare Products That'll Revamp Your Daily Routine From Start To Finish
Essence's Drop of Sunshine Bronzing Drops — this sheer, buildable formula is a perf $6 alternative to Drunk Elephant's version that goes for a whopping $39! Not only will this stuff leave you with a perfect sun-kissed glow, but it also contains glycerin to hydrate the skin barrier and vitamin E to soften the skin and smooth texture! Laneige's Neo Blurring Powder to instantly matte-ify your skin while helping it maintain its natural glow thanks to the blue hyaluronic acid. It even comes in a mess-free, travel-friendly case so you can take it on the go. That's a major upgrade to your routine, if I do say so myself. OR Catrice's Magic Shine Eraser if the *final* step in your skincare regimen involves trying literally anything and everything to prevent that unwanted oily layer from showing up uninvited. This gel-to-powder formula will help smooth, mattify, and refine your skin for a flawless blurring effect that'll feel like you're walking around with a filter on your face! It's compact enough to pop in your bag and take with you when you're traveling. A hair identifier spray because if dermaplaning has become an essential step in your routine, this stuff is about to change the game. This spray will lower your chances of missing a spot, and reviewers even say it left their skin feeling baby smooth because it helps the razor glide across the skin more easily! Sol De Janeiro's Delicia Drench Body Butter that'll shower you with fast-absorbing moisture that lasts all day long while working to improve your skin barrier. It also smells downright delightful, like the Cheirosa 59 body mist, to be exact — if you don't know, it's a tantalizing blend of vanilla orchid, sugared violet, and sandalwood. You're welcome! And Sol de Janeiro Delicia Drench Shower Oil, when you've officially found your fave scent and now you need it in every version possible. It comes in the form of a rich, foamy "oil to foam" blend, which lathers like a sudsy dream. Yup, shower/bath time is about to smell and feel a LOT more luxurious. Mixsoon Bean SPF 50 Sunscreen, a K-beauty product you def don't wanna sleep on because it's *actually* a residue-free formula that'll sit wonderfully under your makeup without feeling sticky. Call it a primer, call it a sunscreen — either way, your skin is about to be a very happy camper. Eos' Cashmere Skin Collection Shave Oil you won't stop raving about after trying it, which is likely the same reaction you had to the Eos body lotion that blew up on TikTok. Now it's available in a shave oil that smells just as delicious and will help protect your skin from bumps and burns. Even reviewers with sensitive skin swear by it. Plus, Eos Cashmere Vanilla Cashmere Whipped Oil Body Butter because can you ever really have enough of these delicious, hydrating concoctions? I think not. Sure, the OG lotion is great, but there's something about a ~whipped~ body butter that just hits different. It's thick but absorbs well and won't leave ya feeling greasy. Add this to your routine for smooth, supple skin that smells like a jar of vanilla whipped cream with a hint of musk and caramel. YUM! Olay Super Serum Body Wash if you and your dry skin are fighting for your lives out there and need all the help you can get. This formula is infused with shea butter, collagen peptides, and niacinamide to help restore moisture and nourish your skin with long-lasting hydration. It's basically the body wash version of their TikTok-famous facial Super Serum — iykyk! And Olay Super Cream with Sunscreen SPF 30 for anyone who's been searching high and low for a new face cream that truly does it all. It's lightweight yet ~super~ moisturizing with heavy-hitter ingredients like vitamins C and E, hyaluronic acid, and niacinamide. These can help visibly brighten skin, reduce dark spots and fine lines, and improve firmness, all while protecting from sun damage. Cosrx Advanced Snail Mucin Glass Glow Hydrogel Face Masks, aka the overnight face mask version of the brand's famous Snail Mucin Essence! It'll absorb into your skin within a few hours and become transparent as your face drinks up the 25% snail secretion filtrate, hyaluronic acid, and niacinamide! This will give you a heavy dose of hydration with a glass skin effect so good, you'll probably have to make a TikTok about it. The Inkey List Exosome Hydro-Glow Complex Serum that'll become a staple in your skincare routine after you see how well it increases your skin's firmness and minimizes the appearance of fine lines! This multi-functional, fast-absorbing serum uses plant-derived exosomes to boost collagen production, skin renewal, and overall repair for smooth, glowy skin that's visibly firmer. A wonderfully rich Eight Saints night cream, which will handle all the heavy lifting while you indulge in some beauty sleep. It's made with protein peptides that may help stimulate collagen production for firmer skin with improved elasticity. Don't forget about niacinamide for fading dark spots and discoloration and hyaluronic acid for boosting moisture. Medicube Turmeric Overnight Wrapping Peel Off Mask currently gaining traction on TikTok for allll the right reasons. Apply this K-beauty gem at night and you'll, quite literally, get your beauty rest while you sleep. It uses hydrolyzed collagen, vitamin C, and turmeric to help improve elasticity and even out your skin tone. Peel it off in the morning and admire your fresh new face! Plus! Medicube Deep Vitamin C Golden Capsule Face Moisturizer with tiny liposome capsules you can pop open on your skin to help brighten and smooth your complexion. Get ready for a punch of vitamin C and niacinamide that'll leave your skin positively radiant. The Ordinary Soothing & Barrier Support Serum, because sometimes your skin sends out a desperate SOS signal, and this product is the much-needed lifeline. It's formulated with a soothing blend of niacinamide, vitamin B12, and lipids that'll help soothe irritated skin, reduce redness, and leave your face with a gorgeous, hydrated glow. Summer Fridays Jet Leg Eye Patches, which is basically the under-eye version of the brand's famous mask + moisturizer reviewers are obsessed with. Now you can moisturize, soothe, and depuff your tired under-eye area too! These nonslip hydrogel eye patches will actually stay put and use glycerin and hyaluronic acid to lock in hydration. Bonus: It contains a blend of peptides and caffeine to firm the skin under your eyes. And Cocokind's Peptide Fine Line Eye Gel to breathe some much-needed life back into your tired eyes! This firming peptide complex can help encourage your skin's natural collagen production. It also contains squalene to support the skin barrier and prevent moisture loss. The subtle sheer pink tint helps to subtly brighten your under-eye area, too. A limited edition Eos Marshmallow "Super Balm" lip treatment — so limited, in fact, that it comes from the brand's "secret menu" — try not to obsessively lick your lips because it tastes like a cloud of toasted marshmallows mixed with a hint of vanilla. Most importantly, it contains nourishing cocoa, shea, and avocado butters to condition and protect lips for moisture that lasts all day long. A curved SPF 50 Airy Sunstick Smoothing Bar, which is a Korean skincare product that'll make you *excited* about the SPF step in your daily routine. This stick is contoured and covers a wide area, so it's easy to apply without any mess. It also goes on smooth and won't leave a sticky residue OR white cast behind. If you want a lightweight, semi-matte SPF that plays well with makeup, look no further. And Supergoop! SPF 40 Unseen Sunscreen *Stick* you'll never leave home without, especially considering it fits conveniently in your purse or even your pocket! If you already love the brand's liquid Unseen Sunscreen, the stick version is about to knock your socks off. It glides on effortlessly, so you don't have to get your hands all sticky when applying and reapplying. The new *unscented* Topicals Faded Brightening Serum that'll target dark spots, dullness, and hyperpigmentation like an absolute champ. Niacinamide helps reduce the appearance of discoloration while evening the skin tone *and* azelaic acid visibly brightens, improves texture, and fights free radicals. An Italian Bergamot Body Bar from Cremo, the creators of the internet-famous Baccarat Rouge 540-inspired body wash — enough said. This soap oozes a multi-layered luxurious scent that consists of Italian bergamot, neroli blossom, and fresh vetiver. Plus, it's infused with lava rock and oat kernel to help cleanse and buff away dead skin. It also contains hydrating shea butter to leave you feelin' smooth and moisturized. And Juno & Co. Body Oil Rinse perfect for dry, sensitive, or irritated skin that needs to be repaired ASAP. This skin-softening rinse is made up of rice bran oil to moisturize and restore elasticity *and* meadowfoam seed oil to help balance the skin's natural oil production. It also gives off a sweet and spicy aroma with notes of fresh florals, deep amber musk, melons, and pear. Pacifica's ~Dream~ Milk Magnesium Spray to set the stage for a nighttime routine so relaxing, you'll only wish you'd found it in a past life. Your newly nourished skin will thank you — it's infused with magnesium oil to calm and hydrate, and aloe to soothe and prevent peeling. Plus, the lavender and chamomile essential oils can help promote restful sleep. Good Molecules Pineapple Exfoliating Powder that reviewers have started comparing to the $68 Dermalogica version, so you know it's gotta be good. This gentle foaming powder is made with fruit enzymes, vitamin C, and rice powder to soften, brighten, and gently exfoliate. You can use it three to four times per week to help break down dead skin cells on the surface layer to reveal a smoother, more radiant complexion. The new Billie Coco Vanilla All-Day Deodorant — not only does it smell like heaven, aka coconut cream spiced with vanilla and sandalwood, but it's also free of aluminum and baking soda so you won't have to worry about it irritating your underarms. This lightweight, odor-fighting formula will keep you feeling fresh and smelling ahh-mazing all day long.
Yahoo
16-06-2025
- Business
- Yahoo
Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility
Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity Continues to scale operations with order for its second state-of-the-art battery module manufacturing line EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ('Eos' or the 'Company'), America's leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers' option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company's successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters' option to purchase additional shares) and convertible senior notes due 2030. These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos' market potential and progress against its strategic plan. 'We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,' said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. 'Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.' The capital infusion strengthens Eos' ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company's debt. 'This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,' said Joe Mastrangelo, Chief Executive Officer of Eos. 'Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.' Use of Proceeds and Strategic Debt Restructuring Proceeds from the transactions were used to: Fully repurchase the Company's $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder. Prepay $50 million of outstanding borrowings due under the Company's Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP ('Cerberus'), and Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses. The $50 million prepayment on the DDTL resulted in key benefits: Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company's cost of capital. Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth. Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests. Waived call protection provisions, saving the Company $28.7 million in prepayment expense. Eos is currently working to obtain approval from the U.S. Department of Energy's Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan. Operational Momentum and Manufacturing Expansion Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company's plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency. Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter. System Performance and Field Integration As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage. Introduced during the Company's December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid. The Company's inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration. Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA's independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America. As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape. Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings. About EosEos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit Contacts Investors: ir@ media@ Forward Looking Statements Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers' ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company's most recent filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Yahoo
16-06-2025
- Business
- Yahoo
Eos Energy Successfully Closed $336M in Concurrent Offerings of Common Stock and Convertible Senior Notes, Strengthening its Balance Sheet and Creating Enhanced Financial Flexibility
Simplified capital structure bolsters ability to rapidly meet customer demand, reduce interest expense, and increase liquidity Continues to scale operations with order for its second state-of-the-art battery module manufacturing line EDISON, N.J., June 16, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) ('Eos' or the 'Company'), America's leading innovator in the design, sourcing, and manufacturing of zinc-based long duration energy storage (LDES) systems, manufactured in the United States, announced the closing of the full exercise of the initial purchasers' option to purchase additional notes in connection with its convertible senior notes due 2030 offering. Following the exercise of the option, $250 million aggregate principal amount of convertible senior notes due 2030 were outstanding. This announcement follows the Company's successful closing of its concurrent offerings of common stock (including a full exercise of the underwriters' option to purchase additional shares) and convertible senior notes due 2030. These transformative transactions mark a critical inflection point that unlocks the financial flexibility required to scale operations to meet long duration energy storage global demand. The offerings were significantly oversubscribed, demonstrating strong investor confidence in Eos' market potential and progress against its strategic plan. 'We proactively capitalized on favorable market conditions to strengthen our financial position and play offense on long term growth,' said Nathan Kroeker, Eos Chief Commercial Officer and Interim Chief Financial Officer. 'Amid this opportunity, we strategically repurchased the maturing 2026 convertible note, lowered our cost of capital on the Cerberus term loan, and enhanced liquidity, putting us in an ideal position to capture the growing demand for long duration energy storage.' The capital infusion strengthens Eos' ability to execute its growth strategy and increases strategic flexibility by reducing the weighting at the top of its capital stack. It also allowed the Company to restructure key portions of its debt, materially lowering its cost of capital while strengthening its balance sheet, with the overall transaction resulting in approximately $400 million in savings over the terms of the Company's debt. 'This was more than a capital raise – it strategically positions the Company to achieve our long-term objectives,' said Joe Mastrangelo, Chief Executive Officer of Eos. 'Improving our capital structure provides the tools required to operationally position the Company for growth. A stronger balance sheet combined with an improved capital cost structure, allows Eos to deliver for its customers, and build long-term shareholder value.' Use of Proceeds and Strategic Debt Restructuring Proceeds from the transactions were used to: Fully repurchase the Company's $125.9 million 5%/6% Convertible Senior PIK Toggle Note due 2026 for $131 million, saving Eos $8.3 million in incremental interest that would have been owed upon maturity. Pursuant to the terms of the repurchase agreement, the Company subsequently received a $5 million reimbursement of the purchase price from the holder. Prepay $50 million of outstanding borrowings due under the Company's Delayed Draw Term Loan (DDTL) between Eos and an affiliate of Cerberus Capital Management LP ('Cerberus'), and Add approximately $139 million in cash to the balance sheet net of purchaser discounts, prior to the deduction of expenses. The $50 million prepayment on the DDTL resulted in key benefits: Reduced the interest rate on the remaining DDTL from 15% to 7%, significantly lowering the Company's cost of capital. Deferred the EBITDA and revenue financial covenants on the DDTL and DOE to begin March 31, 2027, allowing the Company to focus on scaled growth. Extended the lock-up period on Cerberus held securities by one year to June 21, 2026, further aligning long-term shareholder interests. Waived call protection provisions, saving the Company $28.7 million in prepayment expense. Eos is currently working to obtain approval from the U.S. Department of Energy's Loan Programs Office (DOE) for the next funding advance under tranche 1 of its DOE guaranteed loan. Operational Momentum and Manufacturing Expansion Eos recently submitted the purchase order for its second state-of-the-art manufacturing line that is expected to be operational in the first half of 2026. This marks a pivotal milestone in the Company's plan to scale domestic production in response to strong U.S. and international demand. In parallel, Eos is in the process of installing and commissioning its first bi-polar sub-assembly, an automation enhancement expected to drive significant improvements in throughput and production efficiency. Year-to-date, Eos has shipped more energy storage cubes than in all of 2024, with Q2 shipments surpassing Q1, reflecting strong manufacturing execution. This momentum is expected to continue throughout the remainder of the year, supported by meaningful output gains as the Company brings all its terminal and bi-polar sub-assembly automation fully online during the third quarter. System Performance and Field Integration As production capacity increases, Eos continues to invest in the innovation engine driving its technology roadmap. At its R&D facility in Edison, New Jersey, Francis Richey, Chief Technology Officer, and Pranesh Rao, Senior Vice President Storage Systems Engineering, and team are pioneering advancements that are reshaping long duration energy storage. Introduced during the Company's December 2023 strategic outlook call, Eos has made substantial progress on two foundational components of its Z3 energy storage system: its proprietary American-made Battery Management System (BMS) and its modular inline cube architecture. The custom electronics and advanced software in the BMS have improved availability and shown round trip efficiency above 80% with some longer duration applications surpassing 90%. Developed and maintained in the United States, the BMS ensures critical data privacy and cybersecurity protections, key to enhancing the resilience and security of the U.S. power grid. The Company's inline cube, engineered to simplify field deployment and reduce system level costs, has also demonstrated measurable field efficiencies. In a recent Z3 project, Eos proved the ability to cold commission 75 cubes in just 7 days, resulting in approximately 96% lower installation costs versus prior system designs. Faster installation times and lower costs allow the Eos system to rapidly-scale and meet customer demand for accelerating grid integration. Building on these operational and technological advancements, Eos has partnered with PA Consulting Group – energy market and policy advisor and industry leader in forecasting and analytics – to quantify the near and long-term value of its technology. Despite higher upfront costs, compared to incumbent technologies, PA's independent modeling for ERCOT-based customers showed 30-50% higher revenues over the life of a project for 4+ hour systems. This is a testament to the differentiated performance of the domestically manufactured Z3 technology, and the benefits Eos can provide to customers across North America. As power systems adapt to the growing demands of electrification and increased renewable penetration, energy storage has become essential to ensuring grid reliability, flexibility, and resilience. Eos is well-positioned to meet this need with secure, scalable, American-made solutions offering customers not just technology, but long-term value and performance that support the evolving energy landscape. Upon the closing of the offerings (including the option to purchase additional notes), the Company is no longer subject to quiet period restrictions until the regularly scheduled period at the end of the second quarter until earnings. About EosEos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. Safe, scalable, efficient, sustainable—and manufactured in the U.S—it is the core of our innovative systems that today provide utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3-to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit Contacts Investors: ir@ media@ Forward Looking Statements Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management's beliefs, as well as assumptions made by, and the information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected. Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the DDTL with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers' ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company's most recent filings with the Securities and Exchange Commission, including the Company's most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or in to access your portfolio
Yahoo
11-06-2025
- Entertainment
- Yahoo
EXCLUSIVE: Eos Transforms Blue Moon's Signature Orange Garnish Into a Lip Balm
Eos is expanding its flavor palette to include a zesty new lip balm. The fast-growing body care brand has partnered with Blue Moon to introduce the latest addition to its multicolored spherical balm collection, inspired by the beer company's iconic Valencia orange garnish. This is Eos' first food and beverage collaboration and Blue Moon's inaugural beauty partnership. More from WWD Julia Fox Switches Between Multiple Avant-garde Hairstyles for 'The Trainer' Promo During Tribeca Festival 2025 Sydney Sweeney Flows in Ethereal Miu Miu Blue Dress at 'Echo Valley' London Premiere Urban Outfitters Debuts First Pride Vinyl Collection Made in Collaboration With Influential LGBTQIA+ Artists, Allies and Labels ' We really focused on this idea that what makes a Blue Moon special is that refreshing hit of Valencia orange,' Soyoung Kang, chief marketing officer of Eos, said in a statement. ' We've never created a custom bespoke flavor in partnership with another flavor-driven company in the food and beverage world and specifically developed it in such a customized way to enhance the flavor of their product as well.' Fusing together sustainable ingredients such as coconut oil and beeswax, the formula promises long-lasting hydration and a smooth, non-pigmented finish. There's no age requirement to drink in the limited-edition lip balm; however, the product is intended for a new generation of 21 and older consumers who may have enjoyed a glass of alcoholic beverage before. The citrus accent cut and squeezed on the side of almost every pour of Blue Moon has been a ritual among the beer company since its 1995 debut. ' It's sort of a huge part of what makes us so special and unique as a brand. It's one of our core identifiers, like almost if you see a shape of an unbranded glass with an orange garnish on it, you know that it is a blue moon,' said Courtney Benedict, vice president of marketing for Molson Coors Beverage Company, the owner of Blue Moon. ' From a Blue Moon perspective, it sort of opens up the aperture on people experiencing something similar to the garnish regardless of where they are, which is pretty cool,' Benedict told WWD. The two companies plan to bring this product to life through a series of in-person activations throughout the summer, with some events held in locations where customers typically enjoy a drink of Blue Moon. 'Our products are meant to bring joy and delight into these small moments. We wanna make that specific moment feel more enjoyable,' Kang said. The future of food partnerships at Eos depends on the success of this collaboration, but Kang noted the brand's interest in similar opportunities. The cult-favorite, spherical lip care was once a bestseller for the brand. As of today, Eos' body products — shaving creams, cleansers, lotions, oils and oil butters — make up more than 50 percent of its total business, which in part is thanks to the surge of ShowerTok, or shower routine videos, during the COVID-19 pandemic and an industry-wide expansion into body care. Eos' $4.99 Valencia Orange Lip Balm will be available for purchase on until supplies last. The release comes just months after Eos capitalized on the TikTok virality of its vanilla 24H moisturizers, releasing new Shea Better Cashmere Body Washes in four different scents. Best of WWD ColourPop x Lilo & Stitch Collaborate on Mischievous Island Adventures Collection in New Campaign [PHOTOS] Lunar New Year Collections to Know: Details on Fashion, Jewelry and More Brands Embracing the Year of the Snake Valentine's Day Collections to Know: Details on Fashion, Makeup, Jewelry and More Brands Giving Products a Touch of Love, Live Updates
CNN
11-06-2025
- Business
- CNN
Blue Moon, the orange-flavored beer, is being turned into a lip balm
The vibrant burst of orange flavor emanating from a Blue Moon is so lip-smacking good that it's being turned into a lip balm. The Molson Coors-owned brand is partnering with Eos, a popular beauty company, to make a lip balm inspired by the punchy, Valencia orange flavor that's brewed into a Blue Moon beer. The limited-edition product is 'intended' for legal-aged drinkers and goes on sale Wednesday at Eos' and Blue Moon's website for $4.99. The citrus-inspired balm is packaged in Eos' orange-colored sphere and 'delivers the same refreshing, juicy taste' of the beer, according to a press release. The orange-shaped product is debuting during the summer, when beer — and Blue Moon — sales typically peak as people stock up on brews for their summertime activities. 'The Valencia orange is more than a garnish. It's a core part of our identity and what makes a Blue Moon a Blue Moon,' Courtney Benedict, vice president of marketing for Molson Coors' Above Premium Beer, said in the release. The lip balm is a small part of Molson Coors' larger plan to revive the brand, which has declined amid a broader slowdown in craft beer sales. Blue Moon has lost market share of the total dollars spent at US restaurants and bars over the past year by about half a percentage point, according to data compiled by Fintech and the National Beer Wholesalers Association. However, it's still the country's top-selling craft beer brand. The decline has prompted Molson Coors to re-examine the 30-year-old brand, rolling out refreshed packaging that re-emphasizes the Valencia orange along with a new marketing campaign. The company also has added a light version and a non-alcoholic beer to Blue Moon's portfolio in an effort to attract new and lapsed drinkers. Molson Coors (TAP) recently reported dismal earnings, including a 42% drop in first-quarter net income. It also cut full-year guidance over tariffs concerns and economic uncertainty that it says is causing people to cut back on beer. Shares are down nearly 9% for the year.
